Yesterday
- Opinion
- Opinion
More pain to come for global investors, Aussie property prices
While the Bank of England has restored order to the UK government bond market, investors remain very jittery about the prospects for asset prices. The great Aussie house price correction also persists with gusto.
- Updated
- Christopher Joye
- Opinion
- Global economy
Is the US Federal Reserve braking too hard?
The risk that the Fed is moving too slowly to check inflation has fallen, while the risk that high rates will cause severe economic damage has gone up — a lot.
- Paul Krugman
- Opinion
- Opinion
Borrowing costs soar and a painful inflection point nears
The guardians of global monetary stability have been caught napping at the wheel, and the real cost has yet to be determined, writes Mark Gilbert.
- Mark Gilbert
Where to invest in a recession
While economists are divided over the severity of a potential downturn in Australia, they agree certain sectors of the sharemarket would be hit harder.
- Alex Gluyas
September
CBA sticks with lone 0.25pc RBA rate rise call
The bank is sticking to its contrarian call that the Reserve Bank will slow the pace of interest rate increases next week, making it the only big four bank forecaster to predict a 0.25-percentage point rate rise for October.
- Updated
- Cecile Lefort
Housing downturn won’t be steep and deep: UBS
A variety of factors will keep housing stronger, and that’s good news for two of the country’s largest developers.
- Michael Bleby
- Opinion
- Bonds
It could happen here: why super funds face cash crunches
The intervention by the Bank of England has exposed how pension funds can be forced into panic. But there are limits to what central banks can do to avert crisis when they are supposed to be starving inflation.
- Jonathan Shapiro
Pandemic clouds around the office sector darken
Commercial office property was seen as more resilient than hotels for the first two years of the pandemic. But that’s changed.
- Michael Bleby
BoE response highlights ‘impossible trinity’ of liquidity issues
The turmoil in the UK is a reminder that conditions in the global interest-rate market are just as precarious, with the US Treasury market a prime example.
- Alexandra Harris
Truss stands by tax cuts after Bank of England intervention
Bond prices soared after the central bank waded into the ‘dysfunctional’ market to prevent a destabilising liquidity crunch among highly leveraged gilt funds.
- Hans van Leeuwen
US dollar ‘wrecking ball’ bears down on Australian dollar
The Australian dollar fell to a fresh 2½ year low of US63.65¢ on Wednesday. The US 10-year Treasury rate shot past 4 per cent for the first time since 2010.
- Vesna Poljak
UK tax-cutting spree will require ‘significant’ response, BoE warns
Chief economist Huw Pill sets the scene for a big interest rate increase on November 3. Traders sold off UK bonds again but the pound steadied.
- Hans van Leeuwen
RBC joins call for another 0.5pc RBA rate rise
RBC has lifted its cash rate forecast for next month, predicting a 0.5 percentage point increase from the RBA as part of a global wave of central bank tightening.
- Cecile Lefort
Markets ‘under extreme stress’: Burgess
The former head of the Future Fund says it’s too early to buy the dip but a bear market should be short-lived.
- Jonathan Shapiro
US dollar’s surge should force Fed ‘to pivot’: Cathie Wood
The US central bank has adopted a “sledgehammer” in its effort to combat inflation and the potential cost.
- Timothy Moore
Bank of England fails to ease Britain’s market ructions
The UK’s central bank said it would not rush through an emergency interest rate increase, prompting another bond and sterling sell-off.
- Hans van Leeuwen
Forecasts for peak RBA rate keep rising
Morgan Stanley says the higher global rates outlook will keep the RBA hawkish, lifting its terminal rate forecast to 3.6 per cent.
- Emma Rapaport
- Opinion
- Opinion
The big experiment on interest rates and taxes
Australia is not immune from the dramatic rise in interest rates globally, but Treasurer Jim Chalmers doesn’t want to talk about taxes yet – either raising or cutting them.
- Jennifer Hewett
- Analysis
- Global economy
Why investors hate the UK PM’s biggest tax cuts in decades
The Bank of England is tapping the brake, Liz Truss is hitting the accelerator. Nobody knows which way the economy will go, and the markets want to get off.
- Hans van Leeuwen
Barrenjoey predicts recession as dollar forecasts tumble
A “relatively short and shallow” recession is now assumed by Barrenjoey, as strategists take the knife to Australian dollar forecasts following the latest Fed rate rise.
- Vesna Poljak and Michael Read
